We can open a Long at $XMR 🟢🟢🟢🟢🟢
But I recommend caution due to a low cap market
(usually between $10B and $13B)
✅ ENTRY: 460 - 470 - 450 👈 (only if at 470 there is price rejection)
🎯 GOALS: 475 - 480 - 485 - 490 - 500 👈 if this price is reached, it is very susceptible to a strong rejection
❌ STOP LOSS: 455 - 440 - 465
CLICK HERE TO OPEN THE LONG at #Monero 👇👇👇👇
💡 Why do we enter?: for almost a month now I’ve been telling you about a concise accumulation in this coin— even while #BTC was doing its crazy things, I mentioned that #Monero was accumulating constantly. Also, technically speaking, it has a pretty decent structure and clear signs of accumulation (redundancy intended).
⚠️ Risks: This coin is extremely problematic when it comes to successfully consolidating high prices. So I recommend two things: if you’re going to use DCA, I recommend not more than one re-buy; and if you set an SL, don’t place it more than 6 or 8 points away (not unnecessarily). Also, this coin’s market cap is a bit low, so it may show high volatility due to low liquidity— not like the style it had with $ZEC or $DEXE , but you get what I mean.
But I recommend caution due to a low cap market
(usually between $10B and $13B)
✅ ENTRY: 460 - 470 - 450 👈 (only if at 470 there is price rejection)
🎯 GOALS: 475 - 480 - 485 - 490 - 500 👈 if this price is reached, it is very susceptible to a strong rejection
❌ STOP LOSS: 455 - 440 - 465
CLICK HERE TO OPEN THE LONG at #Monero 👇👇👇👇
💡 Why do we enter?: for almost a month now I’ve been telling you about a concise accumulation in this coin— even while #BTC was doing its crazy things, I mentioned that #Monero was accumulating constantly. Also, technically speaking, it has a pretty decent structure and clear signs of accumulation (redundancy intended).
⚠️ Risks: This coin is extremely problematic when it comes to successfully consolidating high prices. So I recommend two things: if you’re going to use DCA, I recommend not more than one re-buy; and if you set an SL, don’t place it more than 6 or 8 points away (not unnecessarily). Also, this coin’s market cap is a bit low, so it may show high volatility due to low liquidity— not like the style it had with $ZEC or $DEXE , but you get what I mean.
